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12 July 2024 | 3 replies
Hello, does anyone have an example move-out form I can see for tenants to sign confirming that they have taken all their property and the place is in good condition (minus wear and tear).
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14 July 2024 | 26 replies
So, let’s just estimate and do the math $600k potential as Kris keeps spewing -$175 from the one deal her team messed up we are at $425 - $200k roughly I’ve decreased sales prices we are at $225k - about $150 estimate in dead deals she included (just estimating I didn’t go confirm this) we are at $75k - $50k in mailers, subscriptions etc we are at $25k -$30k I paid for her course I’m NEGATIVE $5,000 STILL and that doesn’t include her “50/50 split”.
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17 July 2024 | 37 replies
Less leverage means that the greater cash flow can more easily cover unexpected expenses without di[ping into capital reserves or personal cash, hence less stress.
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12 July 2024 | 7 replies
For instance, for any reservations with VRBO and some 3rd party or direct book reservations, they use their own cc processing which has high fees.
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12 July 2024 | 6 replies
I would want to keep extra for reserves along with contingencies, plus if anyone in the area has stored away the 10,000 for a cost segregation details on that would be helpful too.
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12 July 2024 | 12 replies
I would really focus on raising capital so you have enough reserves to mediate risk.
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12 July 2024 | 3 replies
The bank reserves the right to call a mortgage due upon a sale.
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11 July 2024 | 9 replies
Find a local lender, you can start with where you have your money and then branch out, and confirm what you will need to qualify as @Nathan Gesner said above.
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12 July 2024 | 18 replies
However, you need to have 6 months of reserves and its 25% downpayment for commercial loans.
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10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.